WHAT KIND OF AUTUMN AWAITS US IN THE REAL ESTATE MARKET?
All long-term players in the real estate market, and especiallyreal estate agency, knows that the real estate market has its amplitudes that, among other things, are conditioned by a certain season. It is already well known that the real estate market is extremely lively in spring and autumn, while winter and summer are marked by reduced activity. As we are on the verge of summer at the time of writing this blog, we find it interesting to look back at what summer has been like and what we can expect in the coming autumn in the real estate market.
The last summer compared to previous summers did not differ significantly in the number of real estate transactions, although all the players in the real estate market were somewhat afraid of this. Namely, this is the first summer that was not “affected” by the so-called APN, and all transactions went the “natural” way without the help of state subsidies, and the number of transactions was not in a significant decline. Thus, it is given to the conclusion that the summer in the real estate market has not experienced a collapse as some predicted.
If we take the passing summer as a benchmark, which introduces us to autumn and which for all the past years has been an indicator of what autumn we can expect, we do not expect significant differences this autumn either. Usually, every year after 15.08, the first wave, and at the beginning of the new school year And the second wave of new buyers and sellers of real estate appear on the real estate market and with their activities significantly stimulate the real estate market.
In addition to the buyers and sellers of real estate mentioned above, there are also tenants, usually students, and more recently foreign workers who bring vitality to the housing rental market.
Part of the capital earned during the tourist season flows into the Zagreb real estate market, which is another element that awakens the market after the summer.
Because of all of the above, autumn as such brings new opportunities to the real estate market through some new buyers, through a richer real estate offer and we intermediaries welcome such liveliness in the real estate market.. which, with the arrival of colder weather and preparations for the upcoming holidays of Christmas and New Year, will calm down and revive again with the arrival of spring.
So, if you are a buyer or owner of real estate, we invite you to take advantage of the coming autumn and realize your plans with real estate as we mentioned, the most benefits can be obtained by both parties from the “live” real estate market when both the supply and demand for real estate are strong.
We invite you that if you have any doubts about how to present your property to the market or how to buy a property according to your wishes, feel free to contact us, because 27 spring and autumn have passed behind us where we were active participants in the real estate market.